You’ve probably seen framed dollar bills on the walls at restaurants and wondered why they were there. Believe it or not, it’s a long-standing tradition to frame your first earned dollar as a business owner. The first dollar entrepreneurs earn is a symbol of all their hard work and sacrifice. It takes a lot of effort and money to get a business off the ground, which is worth acknowledging and celebrating.
Your first earned dollar as an entrepreneur also serves as a reminder that your dedication to your business will pay off in the long run. Looking up at it will help you remember how far you’ve come and motivate you to keep going even when times get tough.
Although this tradition may seem a little cheesy, I think it’s a great way to commemorate the grand opening of your business, which is a huge milestone. I think employees should join in on the tradition too and frame their first earned dollar to celebrate their career success. Here’s why.
Why You Should Frame Your First Earned Dollar as an Entrepreneur
Speaking from my own experience as an entrepreneur, it’s tough to remember to celebrate your successes. Business owners are ambitious people who are always reaching for the next goal. When we achieve a big milestone, we immediately start to think about what’s next. This mindset helps us take our businesses to new heights, but it can also rob us of the opportunity to fully acknowledge and celebrate our wins.
That’s why I think you should display physical reminders of your success in your office. Surround yourself with things like your first earned dollar and awards you’ve won. Keeping these important objects around will help you reflect on your accomplishments more often and feel proud of what you’ve achieved.
These reminders of your wins will also help you keep going when you hit rough patches. Every business has fallen on hard times at some point in its history due to recessions or other unforeseen circumstances. During those times, it’s important to keep the faith and persevere. Looking at your first earned dollar can help you stay positive and remember that better times are ahead. Maintaining an optimistic outlook will enable you to weather the storm and deal with the challenges at hand.
Employees Should Join In Too
Even if you’re entering the workforce for the first time as an employee, I think you should frame your first earned dollar. These days it takes a lot of hard work to get your first professional job. You had to invest years and tens of thousands of dollars into your education, earning a bachelor’s or even a master’s degree. Depending on your profession, you might’ve had to pass certification exams or go through a rigorous professional licensing process after graduation.
All of that training took time and perseverance, which is worth recognizing. Although you probably have big plans for your career, you should remember to celebrate each win along the way. Psychologists say that celebrating your successes can boost your self-confidence and give you the motivation you need to achieve future goals. So it’s definitely not a waste of time to take a moment and reflect on achievements like your first paycheck.
What do you think of this tradition? Did you frame your first earned dollar as a business owner or working professional? Let me know in the comments section below!
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Vicky Monroe is a freelance personal finance and lifestyle writer. When she’s not busy writing about her favorite money saving hacks or tinkering with her budget spreadsheets, she likes to travel, garden, and cook healthy vegetarian meals.
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